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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (55957)	12/3/1999 11:16:00 AM
From: paul feldman	Read Replies (1) \| Respond to of 95453

Slider Aren't you "fighting the tape" re: the DOW and NASDQ?

To: SliderOnTheBlack who wrote (55957)	12/3/1999 11:22:00 AM
From: marc chatman	Read Replies (1) \| Respond to of 95453

<<This is so tempting for many to exit the Oilpatch here and to jump on the mo-mo train of the DOW & NASDQ move here. But, this is where discipline gets rewarded imho.>> Try telling that to Fund Manager Smith, who has to keep up with Fund Manager Jones. Try telling that to Mr. A, a value investor, who is out drinking with Mr. B, a bandwagon kind of guy, and has to listen to the tale of how Mr. B became a paper millionaire this year investing in the JDS Uniphases of the market. In all seriousness, I know some really good value fund guys who have lost a ton of business this year. And, of course, the redemptions force them to sell their holdings, which further drives down their stocks, which causes more redemptions.